UPGR vs. MLPB
UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) are both Infrastructure Equities funds - UPGR tracks the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross while MLPB tracks the Alerian MLP Infrastructure Index. Both are passively managed. Over the past 3 years, UPGR returned 2.07%/yr vs 22.35%/yr for MLPB. Their 0.26 correlation means their historical movements had little consistent relationship. UPGR charges 0.35%/yr vs 0.85%/yr for MLPB.
Performance
UPGR vs. MLPB - Performance Comparison
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Returns By Period
In the year-to-date period, UPGR achieves a 2.89% return, which is significantly lower than MLPB's 26.71% return.
UPGR
- 1D
- 2.39%
- 1M
- -7.60%
- 6M
- -6.42%
- YTD
- 2.89%
- 1Y
- 31.84%
- 3Y*
- 2.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.18%
MLPB
- 1D
- 0.07%
- 1M
- 7.25%
- 6M
- 18.96%
- YTD
- 26.71%
- 1Y
- 25.73%
- 3Y*
- 22.35%
- 5Y*
- 23.19%
- 10Y*
- 8.90%
- ALL TIME*
- 7.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $105.22K | $111.18K | $133.63K | |
| $5.80K | $13.09K | $34.38K |
UPGR vs. MLPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 2.89% | 35.25% | -14.72% | -15.29% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 26.71% | 7.40% | 25.53% | 8.88% |
Correlation
The correlation between UPGR and MLPB is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023 | 0.26 |
Over the past year, the correlation between UPGR and MLPB has dropped to 0.02 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
UPGR vs. MLPB — Risk / Return Rank
UPGR
MLPB
UPGR vs. MLPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UPGR | MLPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.79 | -1.38 |
| Martin ratioReturn relative to average drawdown | 3.72 | 7.44 | -3.72 |
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Drawdowns
UPGR vs. MLPB - Drawdown Comparison
The maximum UPGR drawdown since its inception was -46.60%, smaller than the maximum MLPB drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for UPGR and MLPB.
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Drawdown Indicators
| UPGR | MLPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.60% | -71.93% | +25.33% |
Max Drawdown (1Y)Largest decline over 1 year | -22.71% | -9.28% | -13.43% |
Max Drawdown (3Y)Largest decline over 3 years | -42.58% | -16.49% | -26.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.93% | — |
Current DrawdownCurrent decline from peak | -17.86% | 0.00% | -17.86% |
Average DrawdownAverage peak-to-trough decline | -20.11% | -14.66% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.58% | 3.47% | +5.11% |
Volatility
UPGR vs. MLPB - Volatility Comparison
Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a higher volatility of 10.96% compared to ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) at 4.61%. This indicates that UPGR's price experiences larger fluctuations and is considered to be riskier than MLPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPGR | MLPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.96% | 4.61% | +6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.21% | 11.09% | +13.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.99% | 14.08% | +18.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.09% | 19.61% | +11.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.09% | 27.21% | +3.88% |
UPGR vs. MLPB - Expense Ratio Comparison
UPGR has a 0.35% expense ratio, which is lower than MLPB's 0.85% expense ratio.
Dividends
UPGR vs. MLPB - Dividend Comparison
UPGR's dividend yield for the trailing twelve months is around 0.31%, less than MLPB's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.69% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% |
UPGR Xtrackers US Green Infrastructure Select Equity ETF | 0.31% | 0.39% | 1.16% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UPGR and MLPB have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPGR has higher volatility (10.96%) compared to MLPB (4.61%). In terms of maximum drawdown, UPGR dropped -46.60% vs MLPB's -71.93%.
On 3-year performance, MLPB leads with 22.35% vs 2.07% for UPGR. On fees, UPGR is cheaper at 0.35% per year. On volatility, MLPB has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MLPB has performed better with a 22.35% return vs 2.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UPGR is cheaper with a 0.35% expense ratio, compared with 0.85% for MLPB.
MLPB has the higher dividend yield at 5.69%, compared with 0.31% for UPGR.
UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while MLPB tracks Alerian MLP Infrastructure Index. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.35% for UPGR and 0.85% for MLPB.
MLPB currently has the higher Sharpe Ratio (1.84 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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